Royal Dutch Shell Group .com Rotating Header Image

May 19th, 2009:

Ken Saro-Wiwa: the day of truth?

guardian.co.uk home

It will send shockwaves through boardrooms if the predictions of the executed campaigner are proved right in a US courtkevin smith

    • guardian.co.uk, Tuesday 19 May 2009 19.00 BST

    As shareholders gather today in London and The Hague for Shell’s annual general meeting the board is facing difficult questions over the company’s environmental and human rights record in Nigeria.ShellGuilty, an international coalition of campaign groups including Platform, Friends of the Earth and Oil Change International, are demonstrating outside the meeting to demand an end to Shell’s practice of gas flaring in Nigeria, and to draw attention to a landmark human rights court case that starts in the US in a week’s time. read more

This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Shell directors gravy train derailed…

This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Shell directors suffered a resounding defeat today…

May 19, 2009

Shell investors vote down directors’ pay deals

Catherine Boyle, Robin Pagnamenta

Directors of Shell suffered a resounding defeat today as shareholders revolted against their pay packages.

There were gasps at the annual meeting when investors holding about 60 per cent of the shares in the company voted against the oil group’s pay policy in one of the biggest victories for shareholders on a corporate governance issue.

Jorma Ollila, the chairman of Shell, said: “We are taking this very seriously and we will be meeting with shareholders to take the right decisions.”

Under a three-year incentive scheme agreed in 2005, directors would have earned up to 200 per cent of their salaries in shares if the company had outperformed three of its peers. However, even though Shell ended in fourth place, directors decided to exercise their discretion and allow some of the award. read more

This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Royal Dutch Shell shareholders outraged at Remuneration Committee

Reuters

Majority of Shell investors vote against pay plans

Tue May 19, 2009 10:20am EDT

* 59.42 pct of investors vote against pay report

* Shareholders outraged at Remuneration Committee

* Shell says to reflect carefully on advisory vote (Recasts with shareholders rejecting pay plan)

By Catherine Hornby

THE HAGUE, May 19 (Reuters) – Three fifths of Royal Dutch Shell (RDSa.L) investors opposed the oil major’s executive pay plan at its annual meeting on Tuesday, after several advisory groups had raised concerns about the scheme.

The advisory vote followed gruelling questioning of Shell’s Remuneration Committee from angry shareholders at the AGM due to its decision to exercise discretion and award managers bonuses despite the company’s failure to meet pre-set targets. read more

This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

The gravy train has got to stop

Shareholders voted against approving the executive pay policies of Royal Dutch Shell on Tuesday, giving the energy company a clear signal it had not done enough to address remuneration concerns that dominated proceedings at its annual meeting for a second year.

This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Shell shareholders vote down board’s pay

Daily Telegraph: Royal Dutch Shell has had its remuneration package voted down after a fiery annual general meeting.

By Graham Ruddick

Published: 3:07PM BST 19 May 2009

The board of Royal Dutch Shell during a stockholders meeting in The Hague, with (L-R) CFO Peter Voser, CEO Jeroen van der Veer and Chairman of the Board Jorma Ollilla.      The board of Royal Dutch Shell during a stockholders meeting in The Hague, with (L-R) CFO Peter Voser, CEO Jeroen van der Veer and Chairman of the Board Jorma Ollilla.

 

A total of 59pc of shareholders voted against the pay deal at meetings in the Hague and London, which saw the board criticised by a number of angry investors. A number of paper votes are still to be counted but they are unlikely to change the outcome of the vote.

Shareholders accused the oil giant’s board of board of being in “cloud cuckoo land” after some bonuses were paid despite the company missing its target of finishing third in a group of five rival businesses. read more

This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Shell planning for long downturn

At the company's annual meeting of shareholders, Van der Veer said he expected volatility in oil prices and downstream margins to continue.

This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Shell and Next face investor anger over pay

At Shell, investors are concerned that the remuneration committee has "moved the goalposts" and agreed awards even though the necessary performance targets have not been met. One, the Co-op, has said it will oppose the re-election of Lord Kerr of Kinlochard, who sits on the remuneration committee.

This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Oil Jumps 4.8% to $59.03; OPEC Cuts Unlikely

The army confirmed a pipeline supplying state-owned Nigerian Gas Co. had been blown up but with no impact on supply. Chevron Corp. over the weekend said its operations continued as normal. Royal Dutch Shell PLC reiterated Monday that it is investigating a report that one of its facilities was attacked.

This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Shell oil sands projects hit by fresh resistance

Royal Dutch Shell, Europe's biggest oil company, will today face renewed opposition to its investments in Canada's carbon-intense oil sands.

This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Uncertainty Clouds Outlook for Oil Sector

NEW YORK — As its most prosperous decade screeches to a halt, the oil industry is confronting a far tougher and more hazardous future. The huge profits of the past years have mostly vanished, leaving companies to confront a difficult readjustment to a world of lower prices and uncertain demand.

This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.